What is the main difference between HMOs and PPOs?
A) HMOs require substantially more out-of-pocket contributions.
B) PPOs require patients to provide significant collateral before scheduling a surgical procedure.
C) PPOs give patients relative freedom to choose doctors and hospitals,while HMOs assign a primary care physician.
D) Only HMOs place a lifetime cap on the amount of payments made on behalf of a patient.
E) They are identical in practice.Like other monopolistic competitors,insurance companies seek differentiation through product naming.
Correct Answer:
Verified
Q124: Low insurance copayments _ consumer demand for
Q125: Which is an unintended consequence of government
Q126: _ is the federal program that provides
Q127: _ are fixed amounts that the insured
Q128: What are fixed amounts that the insured
Q130: _ is the federal program that provides
Q131: Medicare and Medicaid account for approximately _
Q132: Which of the following statements is true
Q133: How can healthcare demand best be characterized
Q134: Even after reaching an insurance policy's deductible,some
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents